The recent COVID-19 (Coronavirus) outbreak has presented many challenging obstacles for businesses in the UK. Some economists have warned that Coronavirus could be the biggest financial risk to the UK economy since 2008. With this in mind, our business advisors are here to help you through these challenging times and overcome these obstacles.
Advice for employers & businesses
As the COVID-19 pandemic is changing daily, we are here to keep your business up-to-date with the latest advice and assistance available. The Government is providing daily conference updates and our team is on-hand to provide useful resources to provide you with the facts and help you access the assistance you require.
How can we help?
- We can help with arranging time to pay agreements with HMRC
- Providing cashflow forecasts and reports which may be required for the Business Loan Scheme made available by the Government
- Advising on rescue packages
- Reviewing your current business operations and making recommendations to improve efficiency
- Providing expert advice regarding record keeping and/or transferring to online bookkeeping systems
- Advising on the new statutory sick pay rules
- Tax budgeting and planning
- Business restructuring
- Cash flow modelling
- Access to funding
We have compiled useful information links for businesses and employers from Government and other reliable sources:
A comprehensive team of professional advisors at your disposal
Alexander & Co has strong, trusted relationships with a wide range of professional advisers to assist your business. We can facilitate a team that includes:
- Legal advisors
- Chartered surveyors
- Independent financial advisors
- Banks, including specialist corporate banks
Business support finder
The Government had produced a useful business support finder to help identify the support you may be eligible for. you can access this here:
COVID-19 Business Resources
CJRS changes take effect in July 2021. Additionally, there are several other deadlines and changes to Government Covid-19 support schemes including a further extension to the temporary insolvency measures.
VAT deferral new payment scheme is available to those businesses that deferred VAT payments between 20 March and 30 June 2020, due to the impact of COVID-19 and now wish to pay this amount by instalments.
Businesses are from today able to apply for Restart Grants that are are intended to support certain business sectors that provide in personal services.
The Chancellor confirmed extensions to many existing measures, including the Furlough Scheme, alongside new support measures. Read more in our guide.
Lockdown grants, worth up to £9,000 per business property, have today been announced by the Chancellor for businesses in the retail, hospitality and leisure sectors.
A new grant scheme for businesses impacted by Tier 2 restrictions has been announced by the Chancellor. This will also apply to those businesses that are not legally closed.
These include assistance for employees, the self-employed, VAT deferments and extensions to the VAT cut for the leisure and hospitality sector.
Those businesses that are eligible can apply for a grant of £25,000, £10,000 or any amount under £10,000.
A guide to the supporting information that businesses will need to provide in order to access the Coronavirus Business Interruption Loan Scheme (CBILS).
Small and micro-businesses with fixed property costs who are not eligible for certain other grants, may be eligible to apply.
The Government announced on 20 March 2020 the Coronavirus Job Retention Scheme (CJRS).
Find out about how businesses can defer the current VAT payment and any actions you need to take including cancelling existing Direct Debits.
Information regarding the Time to Pay Scheme. Find out how Alexander & Co can assist clients with this.
The third Self-Employment Income Support Scheme grant (SEISS) for eligible self-employed and members of a partnership, impacted by COVID-19 is now open for claims.
The scheme is being expanded with the aim of protecting jobs and supporting businesses required to close their doors as a result of coronavirus restrictions.
“Tax After Coronavirus” inquiry launched, taking the reconstruction of the economy after the economic fallout of the coronavirus epidemic as an opportunity to examine the tax system.
Major changes have been announced to the scheme including deadlines to apply as it is extended to October 2020.
The Self-Employed Income Support Scheme could provide you with a taxable cash grant of up to £2,500 per month for at least 3 months. Here’s how.
An updated breakdown of the measures, announced by Sunak Rishi, designed to help businesses like yours during the coronavirus pandemic.
A guide to the Government changes to Statutory Sick Pay, to help businesses.
For valuable business advice during the coronavirus pandemic, find out more about the measures announced by the government and how we can help.
The proposed IR35 private sector reforms (off-payroll working rules) due to be implemented in April 2020, have been delayed as a result of the Coronavirus outbreak.
Information regarding the Government announcement to defer Self Assessment income tax payments due until January 2021
We’re here to help manage the impact and protect your business
For advice, assistance and guidance on how we can help protect your business operations and minimise the impact of COVID-19, contact our business advisory team today.